Why should my max bid be what is offered to me as a second chance offer? If the person who out bids me cancels their buy option shouldn't that be considered a no bid, and offered to me at the price before being out bid?
That is not the only circumstance in which "Second Chance offer" is utilized. I make the product I sell on ebay from scratch. I usually have 30-40 units in my inventory in which I offer 3 units at a time on ebay. I always do second chance offers on items I get multiple bids on, I always have more. If you fell it's unfair, just don't buy it.